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...What happened in Iceland 2008? 1/2/2012 Introduction Iceland was hit by a financial crisis that no country had ever got in to in Oct 2008. I´m from Iceland and I know everything about it, what happened, what went wrong and why did it happened and I think everyone in this class are curious about the topic. There is a lot to cover to get all the answers, but I am so fortunate that my presentation is after many of my co students have made their presentation. I can then just have a brief overlook what happened whit out having to explain the detail of headlines like, Hedge, Forwards, Currency trade, Leasing, Mutual Funds and etc. Iceland First a little bit of a history about Iceland. The first permanent settler in Iceland is usually considered to have been a Norwegian chieftain named Ingolfur Arnarson year 874. He was Viking, (man how is known as a Viking is not a good man, Arnarson was wanted in Norway for burglary, theft etc.) When he was considering a name on this Nordic country he comes up with Iceland, why? It was because he didn´t want other Norwegian come over the see too this beautiful land. The only thing he was wondering, why is this land almost in the Arctic so green. Now we know, it´s because of the hot Gulf Stream coming from America. Because of that stream in the sea around Iceland the little rock in middle of the Arctic Ocean is green and has one of the best fishing spot in the world around it. Around 2000 the nation counted 304.000 people with 180.000...
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